UTICAJ UKRAJINSKE KRIZE NA MEĐUNARODNE TRGOVINSKE TOKOVE I PREHRAMBENU BEZBEDNOST
THE IMPACT OF THE UKRAINIAN CRISIS ON INTERNATIONAL TRADE FLOWS AND FOOD SECURITY

Summary/Abstract: The Ukrainian war has greatly changed the concept and landscape of the global economy, leading to a range of undesirable consequences. This war crisis has disrupted global financial markets, production, exports and supply chains, led to a sharp rise in world energy and food prices, as well as to inflationary pressures, caused a dramatic humanitarian catastrophe, threatened global food security and increased transport costs, menacing the global GDP growth itself. This article examines the impact of the Ukrainian crisis on the functioning of global trade, as well as on the world food market and food security. It is concluded that the contemporary world is now days more connected than it has ever been through international trade, global production, production and supply chains and financial, commodity, agricultural and other markets. The crisis in one part of the world is spilling easily and efficiently over to its other parts, causing crucial negative effects on the global and national economies, energy and food security, world prices, living standards and the environment.

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